PCJ Investment Counsel Ltd. Trims Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

PCJ Investment Counsel Ltd. reduced its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 63.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 82,270 shares of the basic materials company’s stock after selling 143,820 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Alamos Gold were worth $1,640,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. Natixis Advisors LLC lifted its stake in Alamos Gold by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after purchasing an additional 531 shares in the last quarter. Foundation Resource Management Inc. grew its stake in shares of Alamos Gold by 3.0% during the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock worth $826,000 after purchasing an additional 1,190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Alamos Gold by 3.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock worth $609,000 after purchasing an additional 1,282 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Alamos Gold by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock valued at $1,042,000 after acquiring an additional 1,654 shares during the last quarter. Finally, Easterly Investment Partners LLC lifted its position in Alamos Gold by 0.6% in the second quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock valued at $4,358,000 after acquiring an additional 1,673 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AGI. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group raised their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Scotiabank raised their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.06.

Alamos Gold Price Performance

NYSE AGI opened at $18.80 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $7.90 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.19. The company has a 50 day moving average price of $19.91 and a two-hundred day moving average price of $18.03. Alamos Gold Inc. has a 12-month low of $11.24 and a 12-month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The firm had revenue of $360.90 million during the quarter. As a group, equities analysts predict that Alamos Gold Inc. will post 0.76 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s payout ratio is currently 16.67%.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.